Car Insurance in Prosper - 10 Discounts to Save Money

Are you tired of being strong-armed each month for car insurance? You are in the same boat as many other Texas consumers.

Big-name insurance companies like State Farm, Allstate, GEICO and Progressive continually hit you with fancy advertisements and it is challenging if not impossible to sift through the bull and effectively compare rates to find the best deal.

It's important to shop coverage around once or twice a year since rates are constantly changing. Even if you got the lowest rates a few years ago there is a good chance you can find better rates now. So forget all the misinformation about car insurance because we're going to show you the tricks you need to know to find better rates and still maintain coverage.

If you have car insurance now, you will most likely be able to lower your premiums substantially using this information. Finding affordable coverage in Prosper is easy if you know what you're doing. But Texas consumers do need to know how big insurance companies price insurance differently and use this information to your advantage.

Prosper car insurance comparison

How to Compare Car Insurance Costs in Prosper

Effectively comparing car insurance prices can take time and effort if you don't understand the fastest way to get free quotes. You can spend your afternoon talking to local insurance agents in Prosper, or you could use online quotes to get rates in a matter of minutes.

Most of the larger companies are enrolled in a marketplace that allows shoppers to submit one quote, and each company then gives them pricing based on the submitted data. This saves time by eliminating form submissions for each company you want a rate for.

To submit your quote information now, click here to open in new window.

The only drawback to getting quotes like this is that consumers can't choose which providers to receive prices from. So if you want to select specific providers to request quotes from, we have a page of companies who write car insurance in Texas. Click to view list.

It's up to you which method you use, but double check that you are using exactly the same information for every quote you compare. If each company quotes higher or lower deductibles you can't possibly determine the best price in Prosper. Quoting even small variations in insurance coverages may result in large price differences. It's important to know that comparing more company's prices will increase your chances of finding the best price.

How much can you save with these ten discounts?

Companies offering auto insurance do not list all their discounts in a way that's easy to find, so we break down both the well known and also the lesser-known savings tricks you should be using.

  • Senior Citizens - If you're over the age of 55, you may be able to get a small decrease in premiums.
  • Payment Method - If you pay your entire premium ahead of time instead of making monthly payments you could save up to 5%.
  • Save with a New Car - Adding a new car to your policy can cost up to 25% less since new cars are generally safer.
  • Life Insurance - Select insurance companies reward you with better rates if you take out a life insurance policy as well.
  • Drivers Ed for Students - Cut your cost by having your teen driver complete a driver education course if it's offered in school.
  • Claim Free - Claim-free drivers can save substantially as compared to accident-prone drivers.
  • Multiple Vehicles - Buying insurance for multiple vehicles with the same company can get a discount on all vehicles.
  • Anti-theft Discount - Cars that have factory anti-theft systems help deter theft and earn discounts up to 10%.
  • College Student - Kids in college who attend school more than 100 miles from home and do not have access to a covered vehicle can receive lower rates.
  • Homeowners Pay Less - Owning a house in Prosper can help you save on car insurance due to the fact that maintaining a home is proof that your finances are in order.

Consumers should know that most discount credits are not given to the entire cost. Some only apply to specific coverage prices like liability, collision or medical payments. So even though it sounds like it's possible to get free car insurance, companies don't profit that way.

To choose companies who offer car insurance discounts in Prosper, click here to view.

Save 15 percent in 15 minutes? Is it for real?

Car insurance companies such as Progressive, GEICO, Allstate and State Farm continually stream television and radio advertisements. They all seem to make an identical promise that you'll save big after switching your coverage to them. How can each company claim to save you money? It's all in the numbers.

All companies can use profiling for the type of customer that makes them money. For example, a desirable insured might be between 30 and 50, has no tickets, and drives less than 7,500 miles a year. Any new insured who meets those qualifications will qualify for the lowest rates and is almost guaranteed to save when they switch companies.

Potential customers who don't meet the requirements will have to pay higher prices and ends up with the customer not buying. The ad wording is "customers who switch" but not "drivers who get quotes" save that much money. That's why companies can advertise the way they do. Because of the profiling, you need to get as many quotes as possible. It's just too difficult to predict the company that will provide you with the cheapest rates.

More detailed Texas car insurance information can be found at the Texas Department of Insurance website. Visitors are able to learn about insurance regulations, view a list of available companies, file complaints about an insurance agent or broker, and find disaster information.

compare Prosper car insurance rates

Affordable insurance is out there

When shopping online for car insurance, it's not a good idea to reduce coverage to reduce premium. There are many occasions where an insured dropped uninsured motorist or liability limits only to regret that a couple dollars of savings turned into a financial nightmare. Your aim should be to get the best coverage possible at the best price.

Discount car insurance can be purchased both online as well as from independent agents in Prosper, so compare prices from both so you have a total pricing picture. Some car insurance companies don't offer online price quotes and most of the time these regional insurance providers sell through independent agents.